• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Mumbai, July 13

The rupee appreciated by eight paise against the greenback on sustained dollar inflows. The domestic currency opened at 40.48/50 and strengthened through the day to close at 40.42, against the previous close of 40.50. “The rupee made up for Thursday’s losses as there were strong dollar inflows. The central bank did try and intervene to prevent the appreciation but the rupee managed to stay firm,” said a dealer at a private bank. Market participants said t hat despite the RBI’s intervention, the rupee was likely to steadily appreciate next week. Globally, traders said the dollar has been weakening against all the other major currencies. In forwards, the six-month premium closed at 1.91 per cent (2.09 per cent) and the 12-month ended at 1.93 per cent (2.02 per cent). —

Our Bureau

More Stories on : Forex

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Refund banker scheme

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line